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Grand FoundryNSE:GFSTEELS 15 Return-on-Tangible-Equity is Negative Tangible Equity% as of Jun. 2026. GuruFocus rates NSE:GFSTEELS with a GF Score™ of 15/100. The stock has 4 warning signs investors should review. Among 615 Steel companies, Grand Foundry ranks better than 99.84% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Grand Foundry's annualized net income for the quarter that ended in Jun. 2026 was ₹84.4 Mil. Grand Foundry's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ₹-54.5 Mil. Therefore, Grand Foundry's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for Grand Foundry's Return-on-Tangible-Equity or its related term are showing as below:
NSE:GFSTEELS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0
Current: Negative Tangible Equity
NSE:GFSTEELS's Return-on-Tangible-Equity is ranked better than 99.84% of 615
companies
in the Steel industry
Industry Median: 4.05
vs NSE:GFSTEELS: Negative Tangible Equity
Grand Foundry (NSE:GFSTEELS) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Grand Foundry Return-on-Tangible-Equity Related Terms
Grand Foundry Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Grand Foundry's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:GFSTEELS vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Grand Foundry's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Grand Foundry Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Grand Foundry's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Grand Foundry's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of Negative Tangible Equity% mean?
Grand Foundry (NSE:GFSTEELS) has a Return-on-Tangible-Equity of Negative Tangible Equity% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Grand Foundry and its competitors. According to the industry distribution chart, Grand Foundry ranks #1 out of 615 companies in the Steel industry, placing it in the top 0.2%.
Is Grand Foundry's Return-on-Tangible-Equity too high?
Grand Foundry's current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, Grand Foundry ranks #1 out of 615 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Grand Foundry has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Grand Foundry's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Grand Foundry ranks #1 out of 615 companies for Return-on-Tangible-Equity. This places Grand Foundry in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.05. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Steel company?
The median Return-on-Tangible-Equity among Steel companies is 4.05, based on 615 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Grand Foundry and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grand Foundry's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grand Foundry stock overvalued right now?
Grand Foundry (NSE:GFSTEELS) has a current Return-on-Tangible-Equity of Negative Tangible Equity%. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Grand Foundry's overall GF Score™ is 15/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Grand Foundry (NSE:GFSTEELS), the current Return-on-Tangible-Equity is Negative Tangible Equity% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Grand Foundry Ltd is engaged in the manufacturing of bright steel bars and wires. The company offers various heat treatment processes and supplies commercial lots of heat-treated bars to specific standards in the international market American, and German standards. Its products are utilized for various applications in the engineering industries, including petrochemical, oil and natural gas, and automotive industries.
15GF Score
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